From: Kara McMillan [karamariemcm@yahoo.com]
Sent: Monday, March 29, 2004 1:54 PM
To: rule-comments@sec.gov
Subject: Corporate Board member elections
To whom it may concern:
As a shareholder in a number of publicly traded
companies, I am all for any new SEC rules that will
allow shareholders to have more power in the
nominating process of board members. I think it is
utter nonsense that I as a shareholder (along with a
decent number of my co-sharholders) do not have the
option to nominate board members. It certainly would
be a lot fairer if, for example, 5-10% of the
shareholders wish to place someone on the ballot they
could do it - without any other conditions attached.
Also, I don't like the fact that I can't vote AGAINST
someone running for the board. Currently, if every
shareholder withholds their vote for someone on the
ballot except for that person himself, he gets
elected. It's a good thing our public offices don't
operate that way. Isn't that what they call a
dictatorship?
Sincerely,
Kara McMillan
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